Over a quarter (26%) of people in the UK admit they’ve never checked their credit score, sparking concern from CredAbility, who warn that a lack of financial knowledge could be limiting people’s access to credit and leading to higher interest rates on fewer options. The survey also found that 49% don’t know their credit score,…
Read moreNew research from personal finance specialist Finder has found that 1 in 20 consumers have hidden credit score problems from their partner. The research also showed that a third of consumers (34%) – an estimated 18.5 million people – have withheld important information about their finances from their partner in a current or previous relationship.…
Read moreNearly one in five (20%) consumers are using their credit score to better manage credit usage and reach their goals of paying down debts according to research by TransUnion. In the new study, TransUnion has identified and defined three primary categories into which the majority of people who regularly check their credit information fall. First…
Read moreTotallyMoney has calculated the cost of a poor credit score for customers looking to lock in a personal loan. The research found that for the most commonly provided loan of £3,000, somebody with a poor credit score could pay an extra £2,668 in interest charges over 36 months, when compared to somebody with an ‘excellent’…
Read moreMillions of people in the UK admit they never think about their credit score, despite many saying they are expecting to borrow more money from their bank or lender in order to manage the cost of living crisis according to new research commissioned by CRIF. The research show nearly half (46%) of UK consumers never…
Read moreNew research by TotallyMoney has investigated the gap in personal loan interest rates for those with poor credit scores. The research found that someone with a poor credit record borrowing £5,000 over 3 years might find themselves paying an extra £116.36 per month compared with a low-rate best buy deal. Similarly, a borrower with a…
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